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How to Teach Your Children to Save Money (Part 2)

September 19, 2012 by Lisa Park + Leave a Comment

If you missed last week’s post about How to Teach Your Children to Save, it focuses on saving ideas for younger children. As your children grow, here are a few more ideas to teach them about saving.

1. Help Your Child Prioritize
Have an older child write out a list of things he or she wants and prioritize that list. This includes long-term items such as laptop for college, a graduation trip, or even the down payment for a house someday. Have your child allocate an amount of their income to each goal. These are the beginnings of a financial plan and this type of thinking will help your child in the long run.

2. Allow Your Child Make Mistakes
Sometimes the best lesson comes from a poor decision, especially when your child is young and the financial loss won’t be so great. For instance, there may be a time when your child takes her money and spends it all on one item only to realize she doesn’t have enough money for something else she wants or needs. After doing this, she will begin to learn that she needs to think first before she spends.

3. Play Games
There are a number of games available to teach financial concepts to children. Monopoly and The Game of Life, for example, can teach money management skills as well as the importance of planning ahead.

4. Talk About Money
While you may not want to discuss your salary in front of your children, you may want to let them hear you discuss your financial plan and the arrangements you’re making for retirement. This could simply be having a conversation with your spouse while your children are in the room. Hearing this allows your children to understand that saving is a lifelong endeavor.

5. Look for Good Deals with Your Children
One of the keys to saving money is looking for deals on purchases. If you find an item at the store, suggest looking online to compare prices first before buying it. This can be an enjoyable game to see if they can find it for less expensive. It will also teach them to think before buying and not to buy something impulsively.

6. Point Out the Positive
Praise your children for any amount of money they save. And continue to encourage your child to keep saving even if he or she is wasteful with money.

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Hello, I'm Lisa

I enjoy teaching people how to live frugally so they can live within their means while still enjoying and doing the things in life that matter most to them. I'm here sharing tips about budgeting, saving money, meal planning, simple recipes, and more.

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Making these shredded beef tacos tonight for dinne Making these shredded beef tacos tonight for dinner. It took me less than 10 minutes to put it in the crock pot. It will cook for 8-9 hours, and then I'll shred it and serve it with tortillas, cheese, lettuce, tomatoes, salsa, fresh onions, sour cream, and limes.

Message me or use the link below to get the recipe.

https://savingcentbycent.com/2019/09/26/the-best-crock-pot-shredded-beef-tacos/

#shreddedbeef #beeftacos #shreddedbeeftacos #tacos #tacotuesday #easydinner #easy Dinners #simpledinner #simpledinners #crockpot #crockpotmeals #crockpotbeef
If you are looking for a Valentine's Day treat to If you are looking for a Valentine's  Day treat to make for the kids or other loved ones, this Valentine's bark is an easy no-bake recipe.

The link to the recipe is below or you can message me. Do you have a Valentine's Day treat you make every year?

https://savingcentbycent.com/2022/01/31/easy-valentines-bark-recipe/

#valentines #valentinesdessert #valentinesbark #valentinesday #valentinesdaybark #valentinesdaydessert #valentinesdesserts #valentinestreat #valentinesdaytreats 
#valentinesdaydessert #bhgfood #valentinesrecipes
Every January I choose a few places in my home tha Every January I choose a few places in my home that are unorganized and are "problem areas" that are messy. I then figure out how I can organize the area and make it more functional. 

This week I tackled our clothes closet. (Swipe left to see how unorganized it was. 😳) The top shelf was really messy. I ordered some clothes containers online that weren't too expensive.  I then sorted through all the clothes, packed away clothes and bags that were not being used and taking up space, and refolded the clothes that were still being used.

The closet looks so much better! And my husband likes it too. 😀  You can see more of what I did in my Instagram stories or by going to the "Closet Organize" highlight bubble.

#organize #closetorganization #closet #closetideas #closetorganizer #closetorganizers #closetorganize #closetorganized #organization #closetbins #closetorganizing #closetorganizationideas #closetorganizationtips
This Tropical Green Smoothie is one of our favorit This Tropical Green Smoothie is one of our favorite family smoothies. I'll admit that I don't love too many green smoothies, but this one tastes delicious. The banana, pineapple and almond milk give it a good flavor. 

If you are trying to eat a little better, this is a recipe you'll want to add to your book of recipes. The link to the recipe is in my profile.

https://savingcentbycent.com/2019/01/15/tropical-green-smoothie/

#greensmoothie #greensmoothies #smoothie #smoothierecipes #smoothies #healthysmoothies #healthysmoothie #healthysmoothierecipe #healthysmoothierecipes #smoothierecipe
For those of you needing last-minute friend and ne For those of you needing last-minute friend and neighbor gifts, here are a few ideas:

- Popcorn Neighbor Gift Idea
- Peppermint Vanilla Sugar Scrub
- Dishwashing Liquid Gift Idea
- Dish Towel and Wash Cloth Gift Idea

Message me for the links to the posts. Are you ready for Christmas or do you have more things to prepare?

#lastminutegift #lastminutegifts #lastminutegiftideas #lastminutegiftidea #friendgift #friendgifts #neighborgifts #neighborgift
So many yummy holiday desserts and recipes! Swipe So many yummy holiday desserts and recipes! Swipe left to check out all the recipes.

- Peppermint Oreo Truffles
- Hot Chocolate Cookies with Marshmalllows
- Snickerdoodle Cookies
- Reese's Pieces Peanut Butter Cookies
- Christmas Cookie Bars
- Glazed Cinnamon Bundt Cake
- Gingerbread House Frosting

Message me for any of these recipes.

#christmascookies #christmasdesserts #christmastreat #cookies #cookiesforsanta #cookie #cookierecipe #cookierecipes #holidaycookies #holidaycookie #holidaydessert #holidaydessert
Making these shredded beef tacos tonight for dinne Making these shredded beef tacos tonight for dinner. It took me less than 10 minutes to put it in the crock pot. It will cook for 8-9 hours, and then I'll shred it and serve it with tortillas, cheese, lettuce, tomatoes, salsa, fresh onions, sour cream, and limes.

Message me or use the link below to get the recipe.

https://savingcentbycent.com/2019/09/26/the-best-crock-pot-shredded-beef-tacos/

#shreddedbeef #beeftacos #shreddedbeeftacos #tacos #tacotuesday #easydinner #easy Dinners #simpledinner #simpledinners #crockpot #crockpotmeals #crockpotbeef
If you are looking for a Valentine's Day treat to If you are looking for a Valentine's  Day treat to make for the kids or other loved ones, this Valentine's bark is an easy no-bake recipe.

The link to the recipe is below or you can message me. Do you have a Valentine's Day treat you make every year?

https://savingcentbycent.com/2022/01/31/easy-valentines-bark-recipe/

#valentines #valentinesdessert #valentinesbark #valentinesday #valentinesdaybark #valentinesdaydessert #valentinesdesserts #valentinestreat #valentinesdaytreats 
#valentinesdaydessert #bhgfood #valentinesrecipes
Every January I choose a few places in my home tha Every January I choose a few places in my home that are unorganized and are "problem areas" that are messy. I then figure out how I can organize the area and make it more functional. 

This week I tackled our clothes closet. (Swipe left to see how unorganized it was. 😳) The top shelf was really messy. I ordered some clothes containers online that weren't too expensive.  I then sorted through all the clothes, packed away clothes and bags that were not being used and taking up space, and refolded the clothes that were still being used.

The closet looks so much better! And my husband likes it too. 😀  You can see more of what I did in my Instagram stories or by going to the "Closet Organize" highlight bubble.

#organize #closetorganization #closet #closetideas #closetorganizer #closetorganizers #closetorganize #closetorganized #organization #closetbins #closetorganizing #closetorganizationideas #closetorganizationtips
This Tropical Green Smoothie is one of our favorit This Tropical Green Smoothie is one of our favorite family smoothies. I'll admit that I don't love too many green smoothies, but this one tastes delicious. The banana, pineapple and almond milk give it a good flavor. 

If you are trying to eat a little better, this is a recipe you'll want to add to your book of recipes. The link to the recipe is in my profile.

https://savingcentbycent.com/2019/01/15/tropical-green-smoothie/

#greensmoothie #greensmoothies #smoothie #smoothierecipes #smoothies #healthysmoothies #healthysmoothie #healthysmoothierecipe #healthysmoothierecipes #smoothierecipe
For those of you needing last-minute friend and ne For those of you needing last-minute friend and neighbor gifts, here are a few ideas:

- Popcorn Neighbor Gift Idea
- Peppermint Vanilla Sugar Scrub
- Dishwashing Liquid Gift Idea
- Dish Towel and Wash Cloth Gift Idea

Message me for the links to the posts. Are you ready for Christmas or do you have more things to prepare?

#lastminutegift #lastminutegifts #lastminutegiftideas #lastminutegiftidea #friendgift #friendgifts #neighborgifts #neighborgift
So many yummy holiday desserts and recipes! Swipe So many yummy holiday desserts and recipes! Swipe left to check out all the recipes.

- Peppermint Oreo Truffles
- Hot Chocolate Cookies with Marshmalllows
- Snickerdoodle Cookies
- Reese's Pieces Peanut Butter Cookies
- Christmas Cookie Bars
- Glazed Cinnamon Bundt Cake
- Gingerbread House Frosting

Message me for any of these recipes.

#christmascookies #christmasdesserts #christmastreat #cookies #cookiesforsanta #cookie #cookierecipe #cookierecipes #holidaycookies #holidaycookie #holidaydessert #holidaydessert
Making these shredded beef tacos tonight for dinne Making these shredded beef tacos tonight for dinner. It took me less than 10 minutes to put it in the crock pot. It will cook for 8-9 hours, and then I'll shred it and serve it with tortillas, cheese, lettuce, tomatoes, salsa, fresh onions, sour cream, and limes.

Message me or use the link below to get the recipe.

https://savingcentbycent.com/2019/09/26/the-best-crock-pot-shredded-beef-tacos/

#shreddedbeef #beeftacos #shreddedbeeftacos #tacos #tacotuesday #easydinner #easy Dinners #simpledinner #simpledinners #crockpot #crockpotmeals #crockpotbeef
If you are looking for a Valentine's Day treat to If you are looking for a Valentine's  Day treat to make for the kids or other loved ones, this Valentine's bark is an easy no-bake recipe.

The link to the recipe is below or you can message me. Do you have a Valentine's Day treat you make every year?

https://savingcentbycent.com/2022/01/31/easy-valentines-bark-recipe/

#valentines #valentinesdessert #valentinesbark #valentinesday #valentinesdaybark #valentinesdaydessert #valentinesdesserts #valentinestreat #valentinesdaytreats 
#valentinesdaydessert #bhgfood #valentinesrecipes
Every January I choose a few places in my home tha Every January I choose a few places in my home that are unorganized and are "problem areas" that are messy. I then figure out how I can organize the area and make it more functional. 

This week I tackled our clothes closet. (Swipe left to see how unorganized it was. 😳) The top shelf was really messy. I ordered some clothes containers online that weren't too expensive.  I then sorted through all the clothes, packed away clothes and bags that were not being used and taking up space, and refolded the clothes that were still being used.

The closet looks so much better! And my husband likes it too. 😀  You can see more of what I did in my Instagram stories or by going to the "Closet Organize" highlight bubble.

#organize #closetorganization #closet #closetideas #closetorganizer #closetorganizers #closetorganize #closetorganized #organization #closetbins #closetorganizing #closetorganizationideas #closetorganizationtips
This Tropical Green Smoothie is one of our favorit This Tropical Green Smoothie is one of our favorite family smoothies. I'll admit that I don't love too many green smoothies, but this one tastes delicious. The banana, pineapple and almond milk give it a good flavor. 

If you are trying to eat a little better, this is a recipe you'll want to add to your book of recipes. The link to the recipe is in my profile.

https://savingcentbycent.com/2019/01/15/tropical-green-smoothie/

#greensmoothie #greensmoothies #smoothie #smoothierecipes #smoothies #healthysmoothies #healthysmoothie #healthysmoothierecipe #healthysmoothierecipes #smoothierecipe
For those of you needing last-minute friend and ne For those of you needing last-minute friend and neighbor gifts, here are a few ideas:

- Popcorn Neighbor Gift Idea
- Peppermint Vanilla Sugar Scrub
- Dishwashing Liquid Gift Idea
- Dish Towel and Wash Cloth Gift Idea

Message me for the links to the posts. Are you ready for Christmas or do you have more things to prepare?

#lastminutegift #lastminutegifts #lastminutegiftideas #lastminutegiftidea #friendgift #friendgifts #neighborgifts #neighborgift
So many yummy holiday desserts and recipes! Swipe So many yummy holiday desserts and recipes! Swipe left to check out all the recipes.

- Peppermint Oreo Truffles
- Hot Chocolate Cookies with Marshmalllows
- Snickerdoodle Cookies
- Reese's Pieces Peanut Butter Cookies
- Christmas Cookie Bars
- Glazed Cinnamon Bundt Cake
- Gingerbread House Frosting

Message me for any of these recipes.

#christmascookies #christmasdesserts #christmastreat #cookies #cookiesforsanta #cookie #cookierecipe #cookierecipes #holidaycookies #holidaycookie #holidaydessert #holidaydessert

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